Thermax Limited Interview Questions, Process, and Tips

Q1. Can you provide an overview of your background and experiences?
Ans. 
I have over 15 years of experience in finance, including roles in financial planning, analysis, and management.
• 15+ years of experience in finance

• Strong background in financial planning and analysis

• Proven track record in financial management

• Experience in leading finance teams

• Proficient in financial reporting and budgeting
Answered by AI
Add your answer
Q2. Can you provide information about your family background?
Ans. 
I come from a close-knit family with a strong financial background.
• My parents are both successful business owners, instilling in me a strong work ethic and passion for finance.

• I have siblings who are also in the finance industry, providing a supportive network for career growth.

• Family gatherings often involve discussions about investments, market trends, and financial planning.
Answered by AI
Add your answer
Q3. What is Ind AS 115 and how does it apply to financial reporting? Explain 5 step?
Ans. 
Ind AS 115 is a new revenue recognition standard that impacts how revenue is recognized in financial statements.
• Ind AS 115 is based on the core principle that revenue should be recognized to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled.

• The standard outlines a 5-step model for recognizing revenue: identify the contr...read more
Answered by AI
Add your answer
Q4. What is the treatment of leases under Ind AS 116?
Ans. 
Under Ind AS 116, leases are recognized as right-of-use assets and lease liabilities on the balance sheet.
• Leases are classified as finance leases or operating leases based on specific criteria.

• For finance leases, the lessee recognizes a right-of-use asset and a lease liability on the balance sheet.

• For operating leases, the lessee recognizes a right-of-use asset and a corresponding liability on the balance sheet.

• Lease p...read more
Answered by AI
Add your answer
Q5. How do you define success?
Ans. 
Success is achieving goals and fulfilling one's potential through hard work and determination.
• Success is not just about reaching a specific goal, but also about personal growth and development.

• It involves setting clear objectives and working towards them with dedication and perseverance.

• Success can be measured by the impact one has on others, the relationships they build, and the legacy they leave behind.

• It is importan...read more
Answered by AI
Add your answer

Q1. Can you tell me about yourself?
Ans. 
Experienced finance professional with a strong track record in strategic financial planning and analysis.
• Over 10 years of experience in finance roles, including financial planning, budgeting, and forecasting.

• Led cross-functional teams to drive cost-saving initiatives and improve financial performance.

• Expertise in financial modeling, risk management, and investment analysis.

• Strong communication skills and ability to pre...read more
Answered by AI
Add your answer
Q2. What are the differences between deferred revenue, unearned revenue, and unbilled revenue?
Ans. 
Deferred revenue is revenue received in advance but not yet earned, unearned revenue is revenue received in advance and earned but not yet recognized, and unbilled revenue is revenue recognized but not yet billed.
• Deferred revenue is revenue received in advance but not yet earned, so it is recorded as a liability until it is earned.

• Unearned revenue is revenue received in advance and earned but not yet recognized, so it ...read more
Answered by AI
Add your answer
Q3. What is the definition of Property, Plant, and Equipment (PPE), how is the cost capitalized, and what does site restoration treatment entail?
Ans. 
PPE refers to tangible assets used in production, cost is capitalized by including purchase price, installation costs, and necessary modifications, site restoration treatment involves returning a property to its original state.
• Property, Plant, and Equipment (PPE) are tangible assets used in production, such as buildings, machinery, and vehicles.

• The cost of PPE is capitalized by including the purchase price, installatio...read more
Answered by AI
Add your answer
Q4. What are provisions, contingent liabilities, and contingent assets, and can you provide examples of each?
Ans. 
Provisions, contingent liabilities, and contingent assets are financial terms related to potential future events.
• Provisions are liabilities of uncertain timing or amount, such as warranty provisions or restructuring provisions.

• Contingent liabilities are potential liabilities that may arise depending on the outcome of a future event, such as pending lawsuits or guarantees on loans.

• Contingent assets are potential assets ...read more
Answered by AI
Add your answer

The hardest round I have experienced during interviews was ultimately successful, as I was selected. Only a few questions were multiple-choice; the rest required one-word or numerical answers to be written manually. Pay special attention to the last portion, as it was a scoring section containing standard technical questions. However, as we begin the assessment, the majority of the time is consumed by reasoning, arithmetic, and similar topics. In summary, I can say that the initial part is the toughest.

Q1. The interview consisted of questions related to thermodynamics, including the Rankine cycle, the laws of thermodynamics, and knowledge about boilers and boiler safety. Additionally, most questions focused ...read more
Add your answer
Q2. Whilcox and babcoc boiler
Add your answer

Q1. Asking about women empowerment
Add your answer
Q2. Friendly interview , if you crack technical then you will be 90% chances of selecting. Don't lag in english communication. You will be rejected if you don't have clear communication
Add your answer

Q1. Have a job for me
Add your answer
Q2. Have job for me in this year
Add your answer

Q1. What kind of for me
Add your answer
Q2. Where is your head office
Ans. 
Our head office is located in downtown New York City.
• Head office is in downtown New York City

• Easily accessible by public transportation

• Close to major landmarks and attractions
Answered by AI
Add your answer

Q1. What is your aim in working place.
Ans. 
My aim in the workplace is to continuously improve my skills, contribute to the success of the projects, and create a positive work environment.
• Continuous improvement of skills through learning and training programs

• Contribution to the success of projects by meeting deadlines and delivering high-quality work

• Creating a positive work environment by fostering teamwork and open communication
Answered by AI
Add your answer
Q2. Work cost control .
Add your answer

Q1. Work planing day by day
Add your answer
Q2. Reported at higher levels
Ans. 
When issues are escalated to higher levels, it is important to provide clear and concise updates to ensure transparency and accountability.
• Ensure all relevant information is included in the report

• Communicate any potential impact on project timeline or budget

• Provide recommendations for resolution or mitigation

• Follow up with stakeholders to ensure the issue is being addressed

• Document all communication and actions taken f
Answered by AI
Add your answer